#defiance #challenge #complacency #acceptance
When we think of defiance, we think of fighting back against someone or something in authority. People defy dictators. Children defy parents, teachers etc.
In other words, we think of defiance as a bad thing. (We certainly don’t want to raise defiant toddlers).
When we challenge something, we take on the status quo. We stand up for what’s right, against what’s wrong. South Africans challenged apartheid. American blacks challenged racism etc. We think of challenge as a good thing.
As adults, we defy evil and challenge for the good. Perhaps we challenge ourselves to defy those things that are keeping us from being the best we can be.
The opposite of defiance is complacency. The opposite of challenge is acceptance.
The question, therefore, becomes: are we too afraid to defy what is, even though it’s not doing right by us? Do we dare not challenge ourselves to go over or around what is, to make our lives better?
We all have different situations. Some of our situations are good, and worth maintaining, like a good-paying job we enjoy.
For many of us, our situations need, or require, change. Perhaps we’ve let change happen to us, thinking, although we don’t like what’s happening, there’s nothing we can do about it. We accept, rather than challenge. We become complacent, rather than defiant.
Very likely, in whatever situation you are in, there is SOMETHING you can do to change it for the better. You don’t have to wish for better circumstances to come your way. You can create better circumstances by challenging yourself to be a little defiant.
Too often, we are taught by our elders not to challenge, not to be defiant. You’ve all heard the expressions, “keep your nose to the grindstone,” or “keep your head low,” or “don’t make waves.” If you do those things, you’ll stay out of trouble.
Today, however, particularly in the workplace, that advice can produce no fruit. Some very hard-working people may wake up one morning, go to work as usual, only to find they are suddenly out of a job.
The complacent ones, those who accept what is, pack up their things, go home, complain, cry etc., and start to think that life as they knew it is over.
Defiant ones, those who’ve challenged themselves, have not only anticipated that circumstance, they’ve prepared for it. Perhaps they’ve spent some part-time, off-work hours creating a secondary income – perhaps even one that dwarfs their salaries.
There are many vehicles out there that will allow you to do that. To check out one of the best, message me.
The lesson here is perhaps that many people accept what is, and become complacent. When change occurs, they don’t take it well and long for the old days that will never come back.
Defiant ones realize that change happens often. They prepare for the day when their good situations disappear, or change for the worse. Perhaps they don’t know when it will happen, but they realize that someday it will. When it does, they challenge themselves to become even better than they were.
Defiance in young children may not be desirable, but you may want to raise your children to become defiant adults. You do that by being defiant yourself. Let the children watch you overcome obstacles. Let them watch you challenge yourself to turn a bad situation into something that makes you better.
If you challenge yourself to become defiant, you may find yourself in a great situation you had never believed possible.
Peter
Author Archives: pbilodeau01
QUANTIFYING THE BENEFIT OF A GOOD ATTITUDE
#atttitude #GoodAttitude #QuantifyingAttitude
No rah-rah speeches, please.
That’s what Sam Glenn, a worldwide expert on attitude, was told by a company representative who was considering hiring him to give a speech.
So Glenn tells the story of how much a good attitude is really worth.
Glenn was going to buy a TV, but only had $500 to spend. The store clerk says $500 won’t cover that. Glenn asks to speak to a manager. When the manager comes over, his first response, rather than “may I help you,” or something akin, was, “what’s the problem?”
When all was said and done, the manager could do nothing for Glenn, so he took his $500 and walked out of the store.
“That unhelpful attitude is reflected in the level of work they do in the workplace,” Glenn writes in his book, “The Gift of Attitude: 10 Way to Change the Way You Feel.”
Good attitudes have a benefit that can be quantified. If one customer per day leaves a business without spending money, because he doesn’t like how he was treated, that’s real money, Glenn asserts. Multiplied over a week, month or year, you can see the cost of a bad attitude.
The book also talks about attitude “warriors,” people who make it a point to ALWAYS have a great attitude, and attitude “termites,” those that eat away at people’s good attitude.
So, the question becomes, are you a warrior or a termite?
If you are a warrior, you probably are intentional about how you feel. You insist on not just displaying a good attitude, but genuinely creating one. If you are a termite, you work diligently to make happy people miserable. But, if you run into a warrior, chances are the termite tactics won’t work on that person because he or she has made it a point not to let a termite taste victory.
Circumstances differ day to day in most workplace settings. Warriors don’t allow those circumstances to affect their attitude. They make good situations great and bad situations better.
They treat everyone as if he or she is special.
If your (pick one: work, financial, personal) circumstances are causing you to be an attitude termite, think about what’s good in your life, and try adjusting your attitude using those things.
Think about ways to help others. If you are looking for a vehicle to make your life better, and help others, there are many such vehicles out there. To check out one of the best, message me.
If you are an employer, devote a priority to an employee’s, or prospective employee’s, attitude. The right attitude can yield real productivity. The opposite is also true. An employee’s bad attitude can really cost you.
If you are an employee, make sure you create a good attitude going into work. A good attitude reduces stress and allows you to better deal with any circumstances that cross your path. You may not solve every problem, but you’ll find many more possible solutions – or create a solution.
If you are having a bad day, and it’s affecting your attitude, think about a time when you were treated badly by a store clerk, or some other person you were hoping would help you solve a problem. You do not want to be like that person. You want to solve your and others’ problems.
Leave home thinking you’re going to save the world – one person at a time – by treating that person the way you would want to be treated.
Peter
WHY ASIAN PARENTS HAVE THEIR KIDS’ BACKS IN SCHOOL
Why do students of East Asian descent do so well in school? Because parents are the primary educators.
So concludes Maureen Downey, education columnist for The Atlanta Journal-Constitution. Her column on the subject was published July 31, 2017.
While American parents are concerned with how engaging their child’s teacher is, how much homework their child will have and whether their child will be able to balance school and other activities, such as band or soccer, in East Asian countries, parents are worried about one thing: whether their child will learn, Downey writes.
The Asian children’s success will depend not only on their own effort, but that of their parents, she writes.
That difference may explain the performance gap between American students and those from East Asian countries, Downey writes.
According to a research scholar on East Asian education, this lagging performance by American students will not change unless we upend two beliefs: teachers are responsible for student achievement and parents play a supportive, rather than primary, role in their child’s education, Downey writes.
Cornelius N. Grove, author and researcher on East Asian education, has challenged the assumption that school performance is determined by innate aptitude, Downey writes. He says children bring – or don’t bring, in the case of some U.S. students – a receptiveness to learning and a moral and cultural imperative to excel, Downey writes.
Students who fail an algebra test here might say, “I’m just not good at math,” Downey quotes Grove. East Asian students use failure to figure out what they don’t know and redirect their study plan, Downey quotes Grove.
One could argue that while education is important, so are other things in life. The balance American parents look for in their children is a worthy endeavor. We want children to have a life, to do things that kids do, to enjoy growing up and not be put in a pressure cooker.
On the other hand, some parents can be too loosey-goosey, fret about the child’s self-esteem, etc.
Those old enough may remember when parents sent kids to school, let them figure out what to do, perhaps had one or two conferences a year with teachers and that was it. Some parents were disinclined, or perhaps even incapable, of helping with homework.
Still, “we have masses of young people (In the U.S) who aren’t able to do simple math, who have trouble reading a sentence,” Downey quotes Grove.
Yet, she quotes him, “we are not short of entrepreneurs in this country.” If your child is an entrepreneur, and is looking for something to apply that trait that could earn him potentially a lot of money, there are many vehicles out there that may fit him or her. To check out one of the best, message me.
The bottom line is that parents have to find the happy medium in which their child can excel in school, and still be a kid. The parents have to devote a higher priority on education, and not leave everything up to teachers and schools.
The children have to want to learn. A parent who cultivates a child’s desire to learn is parenting at its best. So let your kids be kids, let them do what they enjoy, yet still have focus on education. Perhaps the parents can take a leading role in increasing school performance of American children.
Peter
YOU ARE YOUR HABITS
#habits #GoodHabits #BadHabits
“Excellence … is not an act, but a habit.”
That Aristotle quote leads off a book called “Habits Die Hard: 10 Steps to Building Successful Habits,” by Mac Anderson and John J. Murphy.
The authors talk about ways not only to build good habits, but to break bad ones.
We think of most habits as bad, such as smoking, overeating, drinking too much etc.
We also think of habits as things we cannot help, or change. The authors disagree.
“Experts worldwide agree that one of the most essential characteristics among successful people is the ability to visualize where they want to be in the future,” the authors write.
“This powerful practice elicits passion and conviction, and if the vision is shared, … it inspires teamwork,” they write.
They apply that success principle to habits – replacing bad ones with good ones. “There are always options. We just have to let go of one to allow another,” they write.
Changing one’s belief changes one’s thinking. And changing one’s thinking can change one’s life, the book says.
Since we can all visualize bad habits, let’s see whether we can do the same with good ones.
Living above one’s means is a bad habit. Saving money out of every paycheck for one’s retirement is the corresponding good habit.
Overeating is a bad habit. It usually happens when one continues eating when he is full, or eats when he’s not hungry. Eating in moderation at mealtime, or until one is full, is a good habit. We can break it down further on what the best foods are, but if you are, say, a choco-holic, indulge your habit selectively and lightly.
Let’s go back to that quote from the book about success. Success is built on good habits. It’s also built on being able to visualize where one wants to be in the future.
In other words, if you’ve been taught not to dream, to accept your life the way it is, etc., it may be time to change your thinking.
When you visualize where you want to be, you are dreaming. That’s not only OK, it’s encouraged by experts on success.
If where you are now is not where you want to be in the future, and you are willing to look at something that may get you closer to where you want to be, there are many such vehicles out there to help you get to that place. To check out one of the best, message me.
In summary, you may have to adopt better habits to be successful. You may have to learn to visualize where you want to be and look for a way to get you there.
The book offers exercises in writing down bad habits, or a habit you have that you want to break. Habits are NOT permanent, not engrained, not carved into one’s brain.
But they may require one to change his way of thinking, if they are keeping him from succeeding. Only you know what you need to change to make you better.
Don’t let those who would urge you to settle for mediocrity influence your habits. The power to visualize is the power to change.
Peter
PARENTS’ INCOME MAY INFLUENCE KIDS’ EARNINGS
#income #ParentsIncome #earnings
“If you’re born poor, you die poor.”
That’s according to a United Kingdom politician from six years ago. The quote leads off an article by Michael Heath Bloomberg published in the Aug. 30,2017, edition of The Atlanta Journal-Constitution.
The article says little has changed in those six years. Great Britain, France, Italy and the U.S. continue to show a high correlation between parents’ earnings and those of their children, the article quotes a report by Standard Life Investments. The Scandinavian countries, Australia, Germany and Canada show a similar correlation, but to a lesser extent, the article says.
As a result, human capital is wasted and workers are less motivated, the article says. Higher levels of inequality in earnings stunts economic growth, the article says, quoting research.
Let’s think about this. Perhaps children go into the same, or similar, professions as their parents. More likely, however, parents probably have told their kids that their potential is limited because of finances, innate ability etc. How many have been advised by parents, or other trusted elders, to seek security, rather than follow dreams?
The article says researchers tracked the proportion of 30-year-olds who earned more than their parents did at that age, and found a significant downtrend: just 50 percent of children born in the 1980s earned more than their parents at the same age, compared with nearly 80 percent of 1950s-born kids, the article says.
Another figure the article quotes: in the American Midwest, just 41 percent of children born in 1984 earned more than their parents at the same age, compared with 95 percent of those born in 1940.
Certainly, decline in manufacturing, as the article says, has much to do with that. Inflation is certainly another factor. People working in the 1940s and 1950s were paid much less than their children would earn. But wage stagnation is real. And it’s obvious in just about every industrialized country.
So what to do? Most everyone could sense this problem that the article actually quantified. The security that one’s parents may have advised their children to seek is just not there. A young person today – even some who’ve invested in a college education – can expect, unless he or she is truly fortunate, that his job and career he starts with will change, or end, before he wants it to.
And the change that happens usually means more work for less money, or having to take a new job that pays less.
There are ways to combat this. First, don’t be afraid to change careers. See what the market is looking for, learn the appropriate skills, and change. Second, save your money. That may require forgoing frivolous pleasures so that you can bank, and properly invest, money over time. The time trajectory, remember, may not have a person working to age 65. It may only last until, say, age 45.
Finally, be open to checking out different ways to make money. Perhaps you are unaware of the many good ways to make money that have nothing to do with a W-2 job. To check out one of the best, message me.
Though the article paints a gloomy income picture, it doesn’t have to be that way. It may take a desire to want a better life, a willingness to looking at things that may look uncomfortable and a belief that YOU can ultimately control your own situation.
The security your parents may have told you to seek is likely imaginary. Therefore, not only is there no harm in pursing your dream, there could be a real benefit to doing so. Remember, too, that pursuing a dream can also allow you to help others do the same.
Peter
STUDENT LOAN DEBT KILLING ECONOMY FOR SOME
#StudentLoans #StudentLoanDebt #economy #college
Imagine having your dream job, after a great education, and yet be broke.
That is the case with Melissa Cefalu, a veterinarian, and her husband Andrew, a chiropractor.
You see, Melissa and Andrew are buried under $365,000 in student loan debt.
Paul Davidson highlighted their story in his USA Today article about how student loan debt is hurting the U.S. economy. It was also published in the July 7, 2017, edition of The Atlanta Journal-Constitution.
Melissa and Andrew never take vacations. They may grab a long weekend with friends or relatives. Andrew drives a 13-year-old Chevy Tahoe. Instead of buying new clothes, Melissa, 35, wears her sister’s hand-me-downs, according to Davidson’s article.
The $1.34 trillion in student loan debt, a record high, is affecting the overall economy, Davidson writes. It’s causing delays in home purchases, it’s crimping consumer spending and inhibiting formation of new businesses, the article quotes analysts. He quotes others as saying the student loan debt crisis is no more than a lot of hype.
“I love what I do but … I don’t feel my degree was worth the sacrifices we have to make every single day,” the article quotes Melissa Cefalu. The couple, between them, makes $125,000 a year, and lives in affordable Madison, Miss.
Let’s break this down further. We’ve all heard about the excessive student loan debt, and the debate rages on about how to fix the problem. Should we, as a nation bail out these loans, or should we let the people who incurred the debt take their medicine – probably for a lifetime?
At the rate they are going, Melissa and Andrew will probably never be able to save for a house, let alone retirement, for a good long time. Theirs is a lesson for others thinking about whether college will be worth what they will have to do financially to get through.
And the Mississippi couple’s example shows that even if you come out of college with a decent job, doing what you had always wanted, debt can punch you in the gut for many years. Think about the graduate who comes out of college with no job, AND lots of debt.
Statistics repeatedly show that the more education one has, the better his job prospects. Still, the decision whether to go to college should not be automatic, even for the brightest of students.
There are many different ways to approach the problem. Consider these options: if a student is college material, but his family cannot afford to send him, he could work for a few years at a relatively menial job, i.e. a restaurant server, and save his money to go to college later in life. That same student could take that menial job, and take some college courses part time over a few years until he has the money to go to school full time.
Secondly, a student could consider military service for a few years, presuming he is physically able for that. The service may entitle him to college benefits after he serves his tour of duty.
Thirdly, a student may decide to look for a vehicle that will provide him enough income to eventually give him a world of educational options, without incurring a lifetime of debt. To check out one of the best such vehicles, message me.
Regardless of how you may feel about student loan debt, and how it may be affecting the economy, consider this: if a student incurs debt that would surpass a mortgage, that student will not be able to do much of anything financially for a good long time. He or she could grow old and broke, with very little help to get out of their situation.
If you don’t want to be among those folks, think long and hard about whether, and when, to go to college. College is not for everybody, and for those who are ripe for college academically, but not financially, it’s still not a decision to be made without lots of thought.
He who properly thinks through the college decision will likely see the most success as a productive adult.
Peter
MONEY CAN BUY HAPPINESS: REALLY?
#MoneyCanBuyHappiness #time #money
“If you were given $40 on the condition that you had to spend it on something that would make you really happy, what would you do with the money?”
So asks Jenna Gallegos, who discussed time and money in an article in The Washington Post. The article also was published July 30, 2017, in The Atlanta Journal-Constitution.
The answer to the above question would be different for just about everyone. Some would buy a piece of their favorite food or beverage. Some would buy that shiny, new object they’ve had their eyes on. Some wise folk might decide to put it in the bank, postponing their happiness for another few years.
Gallegos quotes a study published in the journal PNAS, saying people who buy time by paying someone to complete a household task are more satisfied with life.
We all have a to-do list that includes tasks that someone else can do better and faster than we. If it’s going to take you several days to, say, paint a room, but a professional painter can come in and knock out that job in a few hours, would that be worth it to you?
OK, some folks love to paint, garden, mow the lawn or do household and auto repairs themselves. For many of us, though, those are drudge tasks, or tasks we cannot accomplish ourselves competently. For some people, the “challenge” of doing something themselves rather than paying someone else to do it allows them to brag about it to friends and family.
Gallegos might ask: are those people in that latter category really happy? Across all surveys, Gallegos writes, life satisfaction was typically higher when people spent money to save their time – regardless of their household income, hours worked (at their regular job) per week, marital status and number of children living at home. (Disclaimer: very few with extremely low incomes were surveyed, Gallegos points out).
The point here is that time is money. Most leadership and motivational experts say you should devote the largest percentage of your (work) time to the things YOU do best. The rest, if possible, should be delegated. There’s a trap here, too. Those same experts might also advise that you not ask anyone who works for you, or with you, to do anything you would not do, talking about those menial, yet necessary tasks to get the job done.
So, for the sake of argument, we won’t focus on those work-related things. We’ll focus on tasks you must do in your time outside of work.
Gallegos cites another study, in which 60 working adults in Vancouver were given $40 on each of two consecutive weekends. They were told to spend that money on a material purchase one weekend, and a time-saving purpose another. The researchers found the time-saving purchases were accompanied by an increased positive effect, and less time stress, Gallegos writes.
Yet in another Vancouver study group of 98 working adults, they were asked how they would spend $40 if it were given to them. Only 2% said they would buy more time, Gallegos writes.
In short, time is indeed money and using your money to buy more time for you to do things you enjoy creates happiness. There are many folks out there who have a combination of not enough money and not enough time to enjoy life. If that description fits you, and you are willing to check out something outstanding that will solve your money/time problems, message me.
Understand that time can’t be replaced. You should be spending the bulk of your time doing things YOU do best, if you can. You should maximize your leisure time doing things that please you the most. It will make you happier.
Money CAN buy happiness, if you use it to purchase time.
Peter
MOST PEOPLE AREN’T SAVING ENOUGH FOR RETIREMENT
#retirement #pensions #savings
Most everyone knows or suspects that people aren’t saving enough for a decent retirement.
But a World Economic Forum report spells it out: People are living longer. Investment returns have been disappointing. Therefore, within three decades there will be a $400 trillion shortfall worldwide in retirement savings.
The report was cited in an article by Katherine Chiglinsky for Bloomberg News. It was published June 4, 2017, in The Atlanta Journal-Constitution.
The shortfall includes a $224 trillion gap among the six large pension-savings systems: the U.S., U.K., Japan, the Netherlands, Canada and Australia, the article quotes the report.
Employers have been moving away from pensions and offering defined-contribution plans, which include 401(k)s, and individual retirement accounts. Those categories make up about 50 percent of global retirement assets, Chiglinksy writes.
The report warned that the savings shortfall in the U.S. is growing at a rate of $3 trillion a year, and may climb at an annual rate of 7 percent in China and 10 percent in India – countries with aging populations, growing middle classes and a higher percentage of workers in informal sectors, Chiglinsky writes.
So, how are you set for your retirement?
Have you got a pension lined up? If so, it’s entirely possible that it won’t be there when you are ready to take it, or it could be reduced.
Social Security by itself won’t let you live a decent life. And, if Washington doesn’t act, benefits could be reduced eventually. Many experts say we needn’t fear that Social Security will go away entirely. But benefit reductions are a possibility in a few decades.
Think of your retirement planning this way: if it is to be, it’s up to ME.
If you are young, and just starting your career, make retirement savings a priority. If you aren’t raking in big bucks, start with a small percentage of what you are making. Put that money away. Don’t touch it!
Once your savings have grown to an investible amount, say, a few thousand dollars, get it out of your bank savings account and put it into something that will pay you higher rates. Get good advice from a financial planner that you trust. You may want to start with fairly safe – everything outside of insured bank deposits carry some risk – investments, and diversify more as your money grows.
If you are older, you need to put more of what you earn into retirement savings. Young folks have lots of time to balance gains and losses. Middle-aged folks have much less time. Talk to a financial planner about you goals, and let him or her guide you as to how much to save, and in what vehicles to invest.
Of course, cutting spending is a must. Increasing income may give you a leg up on your retirement savings. To learn about one of best vehicles for doing both, message me.
In short, you can take matters into your own hands. It’s all about setting priorities, making good choices and sticking to your plan.
Whatever you sacrifice now, be it $100 a month in lattes, taking too many expensive trips etc., will pay you back in spades when your job goes away. And you don’t have to live in complete deprivation to do it.
Just look for value in what you buy, and make good choices in how you save.
Peter
GROCERY SHOPPING SHIFTS IN MODERN ERA
#GroceryDelivery #groceries #Amazon
Wes Moss saw the future of the grocery industry show up at his front door in the person of Rena, who was delivering his family’s groceries.
Moss, who writes a Money Matters column for The Atlanta Journal-Constitution, ordered his groceries through a service called SHIPT. Rena, as it turned out, was his personal shopper.
Moss discussed his experience, and the future of the grocery industry, in a column published July 4, 2017.
Long before Amazon bought Whole Foods, Nielson had predicted that by 2025, nearly 20 percent of all grocery shopping will be done on-demand, Moss writes.
He recently tested the SHIPT service to see whether it could deliver a full week’s grocery list for the Moss family. Rena told Moss that she does as many as six to eight full-scale shops per day, earning wages and tips. Rena loves grocery shopping, Moss writes.
SHIPT employs tens of thousands of shoppers across the country. If the personal shopper model takes off, it could create a significant number of jobs, Moss writes.
Traditional grocery jobs may be replaced by more technologically centered roles, Moss writes. When ATMs came on the scene, it was feared the bank teller jobs would evaporate. The number of teller jobs actually increased from 500,000 to 550,000, Moss writes.
The point Moss is making is that old jobs may disappear, but, at least in some industries, they will be replaced by a different kind of job.
Many out there had good, “old” jobs. Those good, “old” jobs, in many cases, have either disappeared, or are about to disappear, before those who have them are ready to retire.
Complaining about the trend, or trying to force industry to resist such trends, is like complaining about the weather. You can’t stop progress, and, though people get hurt in the short run, good people usually end up on their feet – or even better off than they were.
Lamenting wastes energy that could be used to figure out what one should do next. Should he train for one of those “new” jobs in his industry? That may depend on one’s age, and how much he likes the industry he’s in.
If he’s like Moss’ Rena and loves grocery shopping, he may want to adapt to the new trend in whatever industry he’s grown to like. Or, he may literally become a personal shopper.
For some, though, it may be a chance to check out something new. There are many excellent ways to earn money without having a regular, W-2 job. To learn about one of the best such vehicles, message me.
Some of us see changing trends, downsizing etc. as evil. Perhaps it will turn some people’s lives upside down. But, like a fast-moving train with a weak brake, it’s difficult, if not impossible, to stop. Companies need to be flexible and nimble with the fast changes.
To those who work for such companies, your energy is better spent working on your next move than complaining about or resisting the inevitable.
Rena took good care of Moss and his family, he writes. She did so with a smile and lots of energy. He writes that it left him with a positive outlook on the future of food consumption.
A positive outlook on the future, whatever it holds for you, is the first step to improving your life.
Peter
BOOMERANG KIDS COME BACK TO CHANGE PARENTS’ LIVES
#BoomerangKids @AdultsLivingWithParents #EmptyNest
“Boomerang kids.”
These are the young adult children who move back home with Mom and Dad either because they don’t want, or can’t afford, to live on their own.
Of parents whose adult children returned in the last year, 68 percent reported more stress, and 53 percent said they were less happy.
That’s according to an article by Erin Arvedlund for The Philadelphia Inquirer. The article was also published Aug. 7, 2017, in The Atlanta Journal-Constitution.
One in nine parents surveyed by Fidelity and Stanford University’s Center on Longevity reported having children who moved back home in adulthood, the article says.
Not only were most of the parents more stressed and less happy about that, 46 percent of mothers reported worse sleeping and weight gain, the article quotes the study.
The study, as quoted in the article, also reports that more 18- to 35-year-olds live with parents than with a spouse.
To prevent adult children from moving home, some parents are resorting to buying houses for the children, the article says.
It may be oversimplification to pinpoint causes for this, but let’s start with the economy. After the 2008 meltdown, jobs, even for young people, became scarcer. Those that did get jobs don’t make the kind of money to would allow them to live on their own.
The article also points out that some of these adult children are moving back with children of their own, so divorce, or having children outside of marriage, plays a part.
It’s hard for many of us in a different generation even resorting to moving back home for any length of time, no matter the circumstances. But these younger folks don’t see it as a problem, perhaps because their life at home was so good.
As Kelly Yamanouchi reported in the Oct. 24, 2017, edition of The Atlanta Journal-Constitution, the average pay for Delta Air Lines flight attendants is $25,000 a year. It’s tough for a young adult to pay rent, eat and otherwise have a decent life today on that salary.
It still begs the question of how one has a social life around Mom and Dad, and how Mom and Dad work a social life around adult kids at home.
From the parents’ viewpoint, money that you give to your children is money you probably won’t have to retire on.
Undoubtedly, it’s not an easy decision to turn away your children in times of trouble. Many of them don’t have the opportunities for earning a living that their parents had, because there are fewer good jobs.
If you are a young adult contemplating moving home, for financial reasons or otherwise, remember that there are more ways to make an income, potentially a great income, than a W-2 job. To check out one of the best, message me.
If you are a parent getting set to take in an adult child, try to discern the real reason they want to move home, and try to help them find an alternative – perhaps short of buying them a house – to moving back home.
Parents and adult children living under one roof can create so much tension, simply because each has his or her own way of doing things. Neither parents nor children need that stress.
It’s good for adults to live on their own when possible. It helps the economy and society as a whole. Make sure that if you have to move back in with Mom and Dad, that it will be very temporary, and for the right reasons.
Peter